Difference between revisions of "Permanent income"
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Latest revision as of 18:16, 2 July 2020
Permanent income is income that people expect to persist into the future; normal income. (Cf. transitory income.)
Definition
According to Macroeconomics by Mankiw (7th edition),
- Permanent income. Income that people expect to persist into the future; normal income. (Cf. transitory income.)